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Condensed Consolidating Financial Information
12 Months Ended
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]  
Condensed Consolidating Financial Information Disclosure
Condensed Consolidating Financial Information
Our $2.5 billion aggregate principal amount of senior unsecured notes co-issued by Genesis Energy, L.P. and Genesis Energy Finance Corporation are fully and unconditionally guaranteed jointly and severally by all of Genesis Energy, L.P.’s current and future 100% owned domestic subsidiaries, except Genesis Free State Pipeline, LLC, Genesis NEJD Pipeline, LLC and certain other minor subsidiaries. Genesis NEJD Pipeline, LLC is 100% owned by Genesis Energy, L.P., the parent company. The remaining non-guarantor subsidiaries are owned by Genesis Crude Oil, L.P., a guarantor subsidiary. Genesis Energy Finance Corporation has no independent assets or operations. See Note 11 for additional information regarding our consolidated debt obligations.












The following is condensed consolidating financial information for Genesis Energy, L.P. and subsidiary guarantors:

Condensed Consolidating Balance Sheet
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
6

 
$
—

 
$
8,968

 
$
1,326

 
$
—

 
$
10,300

Other current assets
50

 
—

 
419,809

 
13,285

 
(165
)
 
432,979

Total current assets
56

 
—

 
428,777

 
14,611

 
(165
)
 
443,279

Fixed Assets, at cost
—

 
—

 
5,363,274

 
77,584

 
—

 
5,440,858

Less: Accumulated depreciation
—

 
—

 
(994,609
)
 
(29,216
)
 
—

 
(1,023,825
)
Net fixed assets
—

 
—

 
4,368,665

 
48,368

 
—

 
4,417,033

Mineral Leaseholds, net of accumulated depletion
—

 
—

 
560,481

 
—

 
—

 
560,481

Goodwill
—

 
—

 
301,959

 
—

 
—

 
301,959

Other assets, net of amortization
10,776

 
—

 
440,312

 
117,766

 
(167,620
)
 
401,234

Advances to affiliates
3,305,568

 
—

 
—

 
103,061

 
(3,408,629
)
 
—

Equity investees
—

 
—

 
355,085

 
—

 
—

 
355,085

Investments in subsidiaries
2,648,510

 
—

 
60,532

 
—

 
(2,709,042
)
 
—

Total assets
$
5,964,910

 
$
—

 
$
6,515,811

 
$
283,806

 
$
(6,285,456
)
 
$
6,479,071

LIABILITIES AND CAPITAL
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
$
39,342

 
$
—

 
$
266,252

 
$
27,350

 
$
(110
)
 
$
332,834

Senior secured credit facility
970,100

 
—

 
—

 
—

 
—

 
970,100

Senior unsecured notes, net of debt issuance costs
2,462,363

 
—

 
—

 
—

 
—

 
2,462,363

Deferred tax liabilities
—

 
—

 
12,576

 
—

 
—

 
12,576

Advances from affiliates
—

 
—

 
3,408,659

 
—

 
(3,408,659
)
 
—

Other liabilities
40,840

 
—

 
188,181

 
197,658

 
(167,481
)
 
259,198

Total liabilities
3,512,645

 
—

 
3,875,668

 
225,008

 
(3,576,250
)
 
4,037,071

Mezzanine Capital:
 
 
 
 
 
 
 
 
 
 
 
Class A Convertible Preferred Units
761,466

 
—

 
—

 
—

 
—

 
761,466

Partners’ capital, common units
1,690,799

 
—

 
2,639,204

 
70,002

 
(2,709,206
)
 
1,690,799

Accumulated other comprehensive income (loss)(1)
—

 
—

 
939

 
—

 
—

 
939

Noncontrolling interests
—

 
—

 
—

 
(11,204
)
 
—

 
(11,204
)
Total liabilities, mezzanine capital and partners’ capital
$
5,964,910

 
$
—

 
$
6,515,811

 
$
283,806

 
$
(6,285,456
)
 
$
6,479,071


(1) The entire balance and activity within Accumulated Other Comprehensive Income is related to our pension held within our Guarantor Subsidiaries.

Condensed Consolidating Balance Sheet
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
6

 
$
—

 
$
8,340

 
$
695

 
$
—

 
$
9,041

Other current assets
50

 
—

 
614,682

 
12,316

 
(56
)
 
626,992

Total current assets
56

 
—

 
623,022

 
13,011

 
(56
)
 
636,033

Fixed Assets, at cost
—

 
—

 
5,523,431

 
77,584

 
—

 
5,601,015

Less: Accumulated depreciation
—

 
—

 
(708,269
)
 
(26,717
)
 
—

 
(734,986
)
Net fixed assets
—

 
—

 
4,815,162

 
50,867

 
—

 
4,866,029

Mineral Leaseholds, net of accumulated depletion
—

 
—

 
564,506

 
—

 
—

 
564,506

Goodwill
—

 
—

 
325,046

 
—

 
—

 
325,046

Other assets, net
14,083

 
—

 
378,371

 
126,300

 
(154,437
)
 
364,317

Advances to affiliates
3,808,712

 
—

 
—

 
85,423

 
(3,894,135
)
 
—

Equity investees
—

 
—

 
381,550

 
—

 
—

 
381,550

Investments in subsidiaries
2,689,861

 
—

 
82,616

 
—

 
(2,772,477
)
 
—

Total assets
$
6,512,712


$
—


$
7,170,273

 
$
275,601

 
$
(6,821,105
)
 
$
7,137,481

LIABILITIES AND CAPITAL
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
$
46,086

 
$
—

 
$
399,017

 
$
11,417

 
$
(256
)
 
$
456,264

Senior secured credit facility
1,099,200

 
—

 
—

 
—

 
—

 
1,099,200

Senior unsecured notes, net of debt issuance costs
2,598,918

 
—

 
—

 
—

 
—

 
2,598,918

Deferred tax liabilities
—

 
—

 
11,913

 
—

 
—

 
11,913

Advances from affiliates
—

 
—

 
3,894,027

 
—

 
(3,894,027
)
 
—

Other liabilities
45,210

 
—

 
182,414

 
183,237

 
(154,290
)
 
256,571

Total liabilities
3,789,414

 
—

 
4,487,371

 
194,654

 
(4,048,573
)
 
4,422,866

Mezzanine Capital
 
 
 
 
 
 
 
 
 
 
 
Class A Convertible Preferred Units
697,151

 
—

 
—

 
—

 
—

 
697,151

Partners' capital
2,026,147

 
—

 
2,683,506

 
89,026

 
(2,772,532
)
 
2,026,147

Accumulated other comprehensive income (loss)
—

 
—

 
(604
)
 
—

 
—

 
(604
)
Noncontrolling interests
—

 
—

 
—

 
(8,079
)
 
—

 
(8,079
)
Total liabilities, mezzanine capital and partners’ capital
$
6,512,712

 
$
—

 
$
7,170,273

 
$
275,601

 
$
(6,821,105
)
 
$
7,137,481


Condensed Consolidating Statement of Operations
Year Ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
REVENUES:
 
 
 
 
 
 
 
 
 
 
 
Offshore pipeline transportation services
$
—

 
$
—

 
$
284,544

 
$
—

 
$
—

 
$
284,544

Sodium minerals and sulfur services
—

 
—

 
1,171,913

 
11,113

 
(8,592
)
 
1,174,434

Marine transportation
—

 
—

 
219,937

 
—

 
—

 
219,937

Onshore facilities and transportation
—

 
—

 
1,214,235

 
19,620

 
—

 
1,233,855

Total revenues
—

 
—

 
2,890,629

 
30,733

 
(8,592
)
 
2,912,770

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Onshore facilities and transportation costs
—

 
—

 
1,125,528

 
1,202

 
—

 
1,126,730

Marine transportation operating costs
—

 
—

 
172,527

 
—

 
—

 
172,527

Sodium minerals and sulfur services operating costs
—

 
—

 
911,135

 
9,948

 
(8,592
)
 
912,491

Offshore pipeline transportation operating costs
—

 
—

 
64,272

 
2,396

 
—

 
66,668

General and administrative
—

 
—

 
66,898

 
—

 
—

 
66,898

Depreciation, depletion and amortization
—

 
—

 
310,690

 
2,500

 
—

 
313,190

Gain on sale of assets
—

 
—

 
(42,264
)
 
—

 
—

 
(42,264
)
Impairment expense
—

 
—

 
100,093

 
26,189

 
—

 
126,282

Total costs and expenses
—

 
—

 
2,708,879

 
42,235

 
(8,592
)
 
2,742,522

OPERATING INCOME
—

 
—

 
181,750

 
(11,502
)
 
—

 
170,248

Equity in earnings of equity investees
—

 
—

 
43,626

 
—

 
—

 
43,626

Equity in earnings of subsidiaries
219,615

 
—

 
(18,564
)
 
—

 
(201,051
)
 
—

Interest expense, net
(230,713
)
 
—

 
14,706

 
(13,184
)
 
—

 
(229,191
)
Other income
5,023

 
—

 
—

 
—

 
—

 
5,023

Income before income taxes
(6,075
)
 
—

 
221,518

 
(24,686
)
 
(201,051
)
 
(10,294
)
Income tax benefit (expense)
—

 
—

 
(1,727
)
 
229

 
—

 
(1,498
)
NET INCOME (LOSS)
(6,075
)
 
—

 
219,791

 
(24,457
)
 
(201,051
)
 
(11,792
)
Net loss attributable to noncontrolling interests
—

 
—

 
—

 
5,717

 
—

 
5,717

NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
(6,075
)
 
$
—

 
$
219,791

 
$
(18,740
)
 
$
(201,051
)
 
$
(6,075
)
Less: Accumulated distributions attributable to Class A Convertible Preferred Units
(69,801
)
 
—

 
—

 
—

 
—

 
(69,801
)
NET INCOME (LOSS) AVAILABLE TO COMMON UNIT HOLDERS
$
(75,876
)
 
$
—

 
$
219,791

 
$
(18,740
)
 
$
(201,051
)
 
$
(75,876
)



Condensed Consolidating Statement of Operations
Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
REVENUES:
 
 
 
 
 
 
 
 
 
 
 
Offshore pipeline transportation services
$
—

 
$
—

 
$
318,239

 

 
$
—

 
$
318,239

Sodium minerals and sulfur services
—

 
—

 
460,790

 
9,252

 
(7,420
)
 
462,622

Marine transportation
—

 
—

 
205,287

 
—

 
—

 
205,287

Onshore facilities and transportation
—

 
—

 
1,023,293

 
18,936

 
—

 
1,042,229

Total revenues
—

 
—

 
2,007,609

 
28,188

 
(7,420
)
 
2,028,377

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Onshore facilities and transportation costs
—

 
—

 
967,558

 
1,089

 
—

 
968,647

Marine transportation operating costs
—

 
—

 
154,606

 
—

 
—

 
154,606

Sodium minerals and sulfur services operating costs
—

 
—

 
332,209

 
9,129

 
(7,420
)
 
333,918

Offshore pipeline transportation operating costs
—

 
—

 
69,225

 
2,840

 
—

 
72,065

General and administrative
—

 
—

 
66,421

 
—

 
—

 
66,421

Depreciation, depletion and amortization
—

 
—

 
249,980

 
2,500

 
—

 
252,480

Gain on sale of assets
—

 
—

 
(40,311
)
 
—

 
—

 
(40,311
)
Total costs and expenses
—

 
—

 
1,799,688

 
15,558

 
(7,420
)
 
1,807,826

OPERATING INCOME
—

 
—

 
207,921

 
12,630

 
—

 
220,551

Equity in earnings of equity investees
—

 
—

 
51,046

 
—

 
—

 
51,046

Equity in earnings of subsidiaries
276,341

 
—

 
(520
)
 
—

 
(275,821
)
 
—

Interest expense, net
(176,979
)
 
—

 
14,122

 
(13,905
)
 
—

 
(176,762
)
Other expense
(16,715
)
 
—

 
—

 
—

 
—

 
(16,715
)
Income before income taxes
82,647

 
—

 
272,569

 
(1,275
)
 
(275,821
)
 
78,120

Income tax expense
—

 
—

 
3,928

 
31

 
—

 
3,959

NET INCOME
82,647

 
—

 
276,497

 
(1,244
)
 
(275,821
)
 
82,079

Net loss attributable to noncontrolling interests
—

 
—

 
—

 
568

 
—

 
568

NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
82,647

 
$
—

 
$
276,497

 
$
(676
)
 
$
(275,821
)
 
$
82,647

Less: Accumulated distributions attributable to Class A Convertible Preferred Units
(21,995
)
 
—

 
—

 
—

 
—

 
(21,995
)
NET INCOME AVAILABLE TO COMMON UNIT HOLDERS
$
60,652

 
$
—

 
$
276,497

 
$
(676
)
 
$
(275,821
)
 
$
60,652


Condensed Consolidating Statement of Operations
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
REVENUES:
 
 
 
 
 
 
 
 
 
 
 
Offshore pipeline transportation services
$
—

 
$
—

 
$
334,679

 

 
$
—

 
$
334,679

Sodium minerals and sulfur services
—

 
—

 
171,389

 
7,873

 
(7,759
)
 
171,503

Marine transportation
—

 
—

 
213,021

 
—

 
—

 
213,021

Onshore facilities and transportation
—

 
—

 
972,794

 
20,496

 
—

 
993,290

Total revenues
—

 
—

 
1,691,883

 
28,369

 
(7,759
)
 
1,712,493

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
Onshore facilities and transportation costs
—

 
—

 
923,567

 
1,060

 
—

 
924,627

Marine transportation operating costs
—

 
—

 
142,551

 
—

 
—

 
142,551

Sodium minerals and sulfur services operating costs
—

 
—

 
90,711

 
8,491

 
(7,759
)
 
91,443

Offshore pipeline transportation operating costs
—

 
—

 
68,791

 
10,833

 
—

 
79,624

General and administrative
—

 
—

 
45,625

 
—

 
—

 
45,625

Depreciation and amortization
—

 
—

 
219,696

 
2,500

 
—

 
222,196

Total costs and expenses
—

 
—

 
1,490,941

 
22,884

 
(7,759
)
 
1,506,066

OPERATING INCOME
—

 
—

 
200,942

 
5,485

 
—

 
206,427

Equity in earnings of equity investees
—

 
—

 
47,944

 
—

 
—

 
47,944

Equity in earnings of subsidiaries
253,048

 
—

 
(6,744
)
 
—

 
(246,304
)
 
—

Interest expense, net
(139,799
)
 
—

 
14,407

 
(14,555
)
 
—

 
(139,947
)
Income before income taxes
113,249

 
—

 
256,549

 
(9,070
)
 
(246,304
)
 
114,424

Income tax expense
—

 
—

 
(3,337
)
 
(5
)
 
—

 
(3,342
)
NET INCOME
$
113,249

 
$
—

 
$
253,212

 
$
(9,075
)
 
$
(246,304
)
 
$
111,082

Net loss attributable to noncontrolling interest
$
—

 
$
—

 
$
—

 
$
2,167

 
$
—

 
2,167

NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.
$
113,249

 
$
—

 
$
253,212

 
$
(6,908
)
 
$
(246,304
)
 
$
113,249

Less: Accumulated distributions attributable to Class A Convertible Preferred Units
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
—

NET INCOME AVAILABLE TO COMMON UNIT HOLDERS
$
113,249

 
$
—

 
$
253,212

 
$
(6,908
)
 
$
(246,304
)
 
$
113,249
















Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
Net cash (used in) provided by operating activities
$
28,784

 
$
—

 
$
595,510

 
$
2,556

 
$
(236,811
)
 
$
390,039

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Payments to acquire fixed and intangible assets
—

 
—

 
(195,367
)
 
—

 
—

 
(195,367
)
Cash distributions received from equity investees - return of investment
—

 
—

 
28,979

 
—

 
—

 
28,979

Investments in equity investees
—

 
—

 
(3,018
)
 
—

 
—

 
(3,018
)
Intercompany transfers
503,144

 
—

 
—

 
—

 
(503,144
)
 
—

Repayments on loan to non-guarantor subsidiary
—

 
—

 
7,484

 
—

 
(7,484
)
 
—

Proceeds from asset sales
—

 
—

 
310,099

 
—

 
—

 
310,099

Net cash provided by (used in) provided by investing activities
503,144

 
—

 
148,177

 
—

 
(510,628
)
 
140,693

CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Borrowings on senior secured credit facility
980,700

 
—

 
—

 
—

 
—

 
980,700

Repayments on senior secured credit facility
(1,109,800
)
 
—

 
—

 
—

 
—

 
(1,109,800
)
Repayment of senior unsecured notes
(145,170
)
 
—

 
—

 
—

 
—

 
(145,170
)
Debt issuance costs
(242
)
 
—

 
—

 
—

 
—

 
(242
)
Intercompany transfers
—

 
—

 
(485,506
)
 
(17,638
)
 
503,144

 
—

Distributions to partners/owners
(257,416
)
 
—

 
(257,416
)
 
—

 
257,416

 
(257,416
)
Contributions from noncontrolling interest
—

 
—

 
—

 
2,592

 
—

 
2,592

Other, net
—

 
—

 
(137
)
 
13,121

 
(13,121
)
 
(137
)
Net cash provided by (used in) financing activities
(531,928
)
 
—

 
(743,059
)
 
(1,925
)
 
747,439

 
(529,473
)
Net increase in cash and cash equivalents
—

 
—

 
628

 
631

 
—

 
1,259

Cash and cash equivalents at beginning of period
6

 
—

 
8,340

 
695

 
—

 
9,041

Cash and cash equivalents at end of period
$
6

 
$
—

 
$
8,968

 
$
1,326

 
$
—

 
$
10,300



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
Net cash (used in) provided by operating activities
$
162,980

 
$
—

 
$
466,425

 
$
(4,585
)
 
$
(301,264
)
 
$
323,556

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Payments to acquire fixed and intangible assets
—

 
—

 
(250,593
)
 
—

 
—

 
(250,593
)
Cash distributions received from equity investees - return of investment
—

 
—

 
35,582

 
—

 
—

 
35,582

Investments in equity investees
(140,513
)
 
—

 
(4,647
)
 
—

 
140,513

 
(4,647
)
Acquisitions
—

 
—

 
(1,325,759
)
 
—

 
—

 
(1,325,759
)
Intercompany transfers
(1,157,781
)
 
—

 
—

 
—

 
1,157,781

 
—

Repayments on loan to non-guarantor subsidiary
—

 
—

 
6,764

 
—

 
(6,764
)
 
—

Contributions in aid of construction costs
—

 
—

 
124

 
—

 
—

 
124

Proceeds from assets sales
—

 
—

 
85,722

 
—

 
—

 
85,722

Net cash (used in) provided by investing activities
(1,298,294
)
 
—

 
(1,452,807
)
 
—

 
1,291,530

 
(1,459,571
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Borrowings on senior secured credit facility
1,458,700

 
—

 
—

 
—

 
—

 
1,458,700

Repayments on senior secured credit facility
(1,637,700
)
 
—

 
—

 
—

 
—

 
(1,637,700
)
Proceeds from issuance of senior unsecured notes, including premium
1,000,000

 
—

 
—

 
—

 
—

 
1,000,000

Proceeds from issuance of Series A convertible preferred
726,419

 
—

 
—

 
—

 
—

 
726,419

Repayment of senior unsecured notes
(204,830
)
 
—

 
—

 
—

 
—

 
(204,830
)
Debt issuance costs
(25,913
)
 
—

 
—

 
—

 
—

 
(25,913
)
Intercompany transfers
—

 
—

 
1,169,781

 
(12,000
)
 
(1,157,781
)
 
—

Issuance of common units for cash, net
140,513

 
—

 
140,513

 
—

 
(140,513
)
 
140,513

Distributions to partners/owners
(321,875
)
 
—

 
(321,875
)
 
—

 
321,875

 
(321,875
)
Contributions from noncontrolling interest
—

 
—

 
—

 
2,770

 
—

 
2,770

Other, net
—

 
—

 
(57
)
 
13,847

 
(13,847
)
 
(57
)
Net cash provided by (used in) financing activities
1,135,314

 
—

 
988,362

 
4,617

 
(990,266
)
 
1,138,027

Net increase in cash and cash equivalents
—

 
—

 
1,980

 
32

 
—

 
2,012

Cash and cash equivalents at beginning of period
6

 
—

 
6,360

 
663

 
—

 
7,029

Cash and cash equivalents at end of period
$
6

 
$
—

 
$
8,340

 
$
695

 
$
—

 
$
9,041


Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Genesis
Energy, L.P.
(Parent and
Co-Issuer)
 
Genesis
Energy Finance
Corporation
(Co-Issuer)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Genesis
Energy, L.P.
Consolidated
Net cash (used in) provided by operating activities
$
179,853

 
$
—

 
$
382,734

 
$
9,586

 
$
(289,421
)
 
$
282,752

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Payments to acquire fixed and intangible assets
—

 
—

 
(463,100
)
 
—

 
—

 
(463,100
)
Cash distributions received from equity investees - return of investment
—

 
—

 
36,939

 
—

 
—

 
36,939

Investments in equity investees
(298,020
)
 
—

 
—

 
—

 
298,020

 
—

Acquisitions
—

 
—

 
(25,394
)
 
—

 
—

 
(25,394
)
Intercompany transfers
(31,436
)
 
—

 
—

 
—

 
31,436

 
—

Repayments on loan to non-guarantor subsidiary
—

 
—

 
6,113

 
—

 
(6,113
)
 
—

Contributions in aid of construction costs
—

 
—

 
13,374

 
—

 
—

 
13,374

Proceeds from asset sales
—

 
—

 
3,609

 
—

 
—

 
3,609

Other, net
—

 
—

 
(151
)
 
—

 
—

 
(151
)
Net cash (used in) provided by investing activities
(329,456
)
 
—

 
(428,610
)
 
—

 
323,343

 
(434,723
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Borrowings on senior secured credit facility
1,115,800

 
—

 
—

 
—

 
—

 
1,115,800

Repayments on senior secured credit facility
(952,600
)
 
—

 
—

 
—

 
—

 
(952,600
)
Debt issuance costs
(1,578
)
 
—

 
—

 
—

 
—

 
(1,578
)
Distribution to partners/owners
(310,039
)
 
—

 
(310,039
)
 
—

 
310,039

 
(310,039
)
Contributions from noncontrolling interest
—

 
—

 
—

 
236

 
—

 
236

Issuance of common units for cash, net
298,020

 
—

 
298,020

 
—

 
(298,020
)
 
298,020

Intercompany transfers
—

 
—

 
57,701

 
(26,264
)
 
(31,437
)
 
—

Other, net
—

 
—

 
(1,734
)
 
14,504

 
(14,504
)
 
(1,734
)
Net cash provided by (used in) financing activities
149,603

 
—

 
43,948

 
(11,524
)
 
(33,922
)
 
148,105

Net decrease in cash and cash equivalents
—

 
—

 
(1,928
)
 
(1,938
)
 
—

 
(3,866
)
Cash and cash equivalents at beginning of period
6

 
—

 
8,288

 
2,601

 
—

 
10,895

Cash and cash equivalents at end of period
$
6

 
$
—

 
$
6,360


$
663

 
$
—

 
$
7,029